FRØYSTAD FINNSNES AS

9308 FINNSNES

Finances

Share Ownership

Return on Equity

380,96 %

Current Ratio

0,91

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	12 278 000	4 815 000	230 000
Net Income	1 741 000	−1 437 000	−347 000
Total Assets	14 731 000	9 305 000	2 270 000
Total Equity	457 000	−1 284 000	153 000

Income (NOK)	2022	2021	2020
Revenue	12 278 000	4 815 000	230 000
Expenditure	10 260 000	6 180 000	575 000
Operating Profit	2 018 000	−1 365 000	−345 000
Financial Income	103 000	104 000	1 000
Financial Costs	380 000	177 000	3 000
Financial Balance	−277 000	−73 000	−2 000
Earnings Before Tax	1 741 000	−1 437 000	−347 000
Tax	0	0	0
Net Income	1 741 000	−1 437 000	−347 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	1 701 000	2 131 000	1 642 000
Total Current Assets	13 030 000	7 175 000	628 000
Total Assets	14 731 000	9 305 000	2 270 000
Total Retained Equity	−43 000	−1 784 000	−347 000
Total Equity	457 000	−1 284 000	153 000
Total Long-Term Debt	0	0	0
Total Current Debt	14 274 000	10 590 000	2 117 000
Total Equity and Debt	14 731 000	9 305 000	2 270 000

Cash flow (NOK)	2022	2021	2020
Sales Income	12 278 000	4 815 000	230 000
Other Income	0	0	0
Revenue	12 278 000	4 815 000	230 000
Cost of Goods Sold	5 107 000	2 371 000	170 000
Salary Costs	1 441 000	876 000	80 000
Depreciation	430 000	352 000	12 000
Impairment	0	0	0
Expenditure	10 260 000	6 180 000	575 000
Operating Profit	2 018 000	−1 365 000	−345 000
Financial Income	103 000	104 000	1 000
Financial Costs	380 000	177 000	3 000
Financial Balance	−277 000	−73 000	−2 000
Dividends	0	0	0
Net Income	1 741 000	−1 437 000	−347 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	886 000	1 182 000	1 447 000
Machinery and Plant Facilities	0	0	122 000
Fixtures	815 000	949 000	73 000
Total Tangible Assets	1 701 000	2 131 000	1 642 000
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	1 701 000	2 131 000	1 642 000
Stock	8 951 000	5 118 000	172 000
Total Investments	0	0	0
Cash, Bank	107 000	67 000	107 000
Total Current Assets	13 030 000	7 175 000	628 000
Total Assets	14 731 000	9 305 000	2 270 000
Total Equity	457 000	−1 284 000	153 000
Short-Term Group Debt	11 153 000	7 652 000	1 389 000
Total Long-Term Debt	0	0	0
Creditors	938 000	784 000	573 000
Unpaid Taxes	777 000	394 000	99 000
Dividends	0	0	0
Other Current Debt	1 406 000	1 760 000	56 000
Total Current Debt	14 274 000	10 590 000	2 117 000
Total Equity and Debt	14 731 000	9 305 000	2 270 000

Financial indicators	2022	2021	2020
Return on Equity	380,96 %	111,92 %	−226,8 %
Debt-to-Equity Ratio	0	−0	0
Operating Profit Margin	16,44 %	−28,35 %	−150 %
Current Ratio	0,91	0,68	0,3
Quick Ratio	2,45	1,31	0,32
Equity Ratio	0,03	−0,14	0,07
Gross Profit Margin	58,41 %	50,76 %	26,09 %